Company continues nationwide total opening
solutions expansion
WINSTON-SALEM, N.C., Aug. 1, 2024
/PRNewswire/ -- The Cook & Boardman Group LLC ("Cook &
Boardman" or "C&B"), the leading specialty distributor of
commercial entry solutions and systems integration services, has
announced the acquisition of B.R. Johnson, LLC ("BRJ")
headquartered in Syracuse, NY.
Terms of the transaction were not disclosed.
Founded in 1928, B.R. Johnson is a multi-location, leading
distributor of windows, doors, and specialty building products,
proudly serving both commercial contractors and end users
throughout Central New York.
"We are thrilled to welcome B.R. Johnson to the Cook &
Boardman family. Their expertise in a wide range of products
and their talented personnel will strengthen our position in the
market and drive continued growth. We are looking forward to
working with Ralph, Mike, and the rest of their team to achieve
even greater success in the future," said David Eisner, Chief
Executive Officer of C&B.
"Over our nearly 100-year history, B.R. Johnson has established
an impeccable reputation for selling and installing quality
building products in Central New
York. Our team possesses extensive industry knowledge which
has allowed BRJ to establish a loyal customer base in our region."
Said Ralph Corlis, President of BRJ.
"We're excited to partner with Cook & Boardman to carry on
BRJ's proud legacy and ensure continued success."
The company will continue to operate under the B.R. Johnson name
and customer contacts will remain unchanged as a result of the
acquisition.
Platinum Equity acquired a majority interest in Cook &
Boardman in 2023. Littlejohn & Co., LLC remains a significant
minority shareholder. BRJ represents C&B's sixth acquisition
under Platinum Equity's ownership.
K&L Gates LLP served as legal advisor to Cook and Boardman.
Livingstone Partners LLC served as financial advisor and Calfee,
Halter & Griswold LLP as legal advisor to BRJ.
About Cook & Boardman Group
Cook & Boardman is one of the leading specialty distributors
of commercial doors, frames & hardware, electronic access
control equipment and specialty (Division 10) products. The company
is also one of the nation's largest and fastest growing providers
of integrated security solutions - including physical security,
access control, wireless networking, low voltage cabling,
audio/visual and managed information technology products.
The company serves non-residential and multi-family markets
including the commercial, education, government, healthcare, office
and hospitality sectors from more than 70 locations across 23
states and nationwide through its ecommerce portal
at www.cookandboardman.com.
About Platinum Equity
Founded in 1995 by Tom Gores,
Platinum Equity is a global investment firm with approximately
$47 billion of assets under
management and a portfolio of approximately 50 operating companies
that serve customers around the world. Platinum Equity specializes
in mergers, acquisitions and operations – a trademarked strategy it
calls M&A&O® – acquiring and operating companies
in a broad range of business markets, including manufacturing,
distribution, transportation and logistics, equipment rental,
metals services, media and entertainment, technology,
telecommunications and other industries. Over the past 28 years
Platinum Equity has completed more than 450 acquisitions.
About Littlejohn & Co., LLC:
Littlejohn & Co. is a Greenwich,
Connecticut-based investment firm focused on private equity
and debt investments primarily in growing middle-market industrial
and services companies that can benefit from Littlejohn's 25+ years
of operational and sector expertise. With approximately
$8 billion in regulatory assets under
management, the firm seeks to build sustainable success for its
portfolio companies through a disciplined approach to engineering
change. For more information about Littlejohn, visit
www.littlejohnllc.com.
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SOURCE The Cook & Boardman Group